The City of Warren has awarded an additional $360,000 to the Warren County Development Association for further work at its building on the corner of Second Avenue and Liberty Street.

Known as the PNC building, the facility houses PNC Wealth Management and the Northern Pennsylvania Regional College. It will soon also house a co-working space.

The council on Monday moved around millions in state Redevelopment Assistance Capital Program funding and this move was part of that process.

The funds had initially been allocated to HIY Inc. for development of the former Loranger building but that sub-grantee agreement with the city was discontinued on Monday in light of a larger move to fund a boutique hotel at that location.

City Planner Vince DeJoy explained that the funding came from a $1 million award in 2017 and that the other $640,000 had been awarded to the WCDA for work at the PNC building. He said the WCDA “continues to make systematic improvements to the PNC building” and recommended the $360,000 just freed up be allocated to them.

RACP funds require a dollar for dollar match either in cash or equity.

“We have match in the equity of the building,” Jim Decker, the president/CEO of the WCDA said. “(We) may have to put in a few thousand of our own operating funds to make up the difference but that would be our intention.”

He told council the funds would likely be utilized to replace the roof and also explained where development stands in the building — the fourth and fifth floors are occupied by the NPRC; the third floor is “totally gutted” and an “empty shell” at the moment; the second floor is half PNC and half available and the first floor is half PNC and half co-working space.